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Acelyrin Sees Stock Price Rise Amid Rights Plan - Los Angeles Business Journal

Summary by labusinessjournal.com
Drug development company Acelyrin Inc. recently saw a modest increase in its stock price after announcing the adoption of a shareholder rights plan in connection with an unsolicited offer from Concentra Biosciences and Tang Capital Partners, its controlling shareholder. Acelyrin, based in Agoura Hills, saw an increase in share price of just above 2% from the closing price of $2.69 on March 13 to a close of $2.75 on March 14. The company announce…
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Acelyrin Sees Stock Price Rise Amid Rights Plan - Los Angeles Business Journal

Drug development company Acelyrin Inc. recently saw a modest increase in its stock price after announcing the adoption of a shareholder rights plan in connection with an unsolicited offer from Concentra Biosciences and Tang Capital Partners, its controlling shareholder. Acelyrin, based in Agoura Hills, saw an increase in share price of just above 2% from the closing price of $2.69 on March 13 to a close of $2.75 on March 14. The company announce…

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labusinessjournal.com broke the news in on Monday, March 24, 2025.
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